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November 15, 2005
By: TOM BRANNA
Editor
RUSSIA: In February, ExpoMediaGroup, Staraya Krepost, held a briefing to provide an update on the 2003 Russian perfumery and cosmetics market. According to company representatives, the market in 2003 was $5.2 billion, constituting a 20% increase from 2002. Analysts stated that importers, investments from Western companies and domestic entrepreneurs all contributed to the growth. A considerable increase of Russian manufacturers’ quantity and improvement of their production quality was also note...
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